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Foreign Capital Outflow Reaches Rp140 Billion in Fourth Week of March...

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The Bank of Indonesia (BI) has reported that foreign capital outflow from Indonesia's financial markets in the fourth week of March 2023 reached IDR...

The Plan to Redenominate Indonesian Currency and Its Progress: A Brief...

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Recently, news about the plan to remove zeros from the Indonesian rupiah currency or to redenominate it has resurfaced on social media platforms. However,...

Domestic Credit Card System to Meet International Security Standards

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Bank Indonesia (BI) has confirmed that the security and domestic credit card services that will be launched in April 2023 will not be inferior...

Bank Indonesia Maintains Benchmark Interest Rate at 5.75% in March

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Bank Indonesia (BI) has decided to maintain its benchmark interest rate, the BI 7-Day Reverse Repo Rate (BI7DRR), at 5.75 percent during its Governor...

Indonesia’s External Debt Remains Under Control in January 2023, Continuing Contraction...

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According to a report from Bank Indonesia (BI), Indonesia's external debt (ULN) remained under control in January 2023. The ULN position for Indonesia in...

Bank Indonesia Predicts Annual Increase in Retail Sales Performance for February...

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Bank Indonesia (BI), the central bank of Indonesia, has released its forecast for retail sales performance for February 2023. According to BI, the annual...

Consumer Confidence Remains Strong in February 2023, Says Bank Indonesia Survey

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According to a Consumer Survey conducted by Bank Indonesia in February 2023, consumer confidence in the country's economic conditions remained strong. The survey showed that...

Bank Indonesia Launches New Instrument to Attract Export Earnings Back Home

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Indonesia's central bank, Bank Indonesia (BI), has officially implemented a new monetary operation instrument, the Term Deposit Valas Devisa Hasil Ekspor (TD Valas DHE),...

Don’t Worry, Benchmark Interest Rates Will Not Rise Again

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Bank Indonesia (BI) has reiterated that there is no need for interest rates to rise any further. Several factors such as the forecasted inflation...

The Banking Credit in January 2023 Grows but Slows Down

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Bank Indonesia, the central bank of Indonesia, has reported that banking credit grew by 10.2% year-on-year to reach Rp6,284.6 trillion in January 2023. Compared...

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